fastnet said:Nice one - I'm in a similar boat albeit w/o such a fantastic system!
F
It's not, ! !
Dave
fastnet said:Nice one - I'm in a similar boat albeit w/o such a fantastic system!
F
Newtron Bomb said:You can trade for a living with a £1000.
Its hard but it can be done and largely dependant on the market you trade and the market conditions.
Regards
NB
Dave1971 said:Fastnet
Call me unrealistic but, I am currently trading forex, no more than two or three trades per day, often only one, and returning upwards of 75pips per week. Not exciting measured by the claims of some on these boards but it'll do for me.
wasp said:Any amount as long as you got the skill and money management to not blow it all!
100k or more
it takes the pressure away!
100k ?
I think 10k is enough. My aim is to get 8% per month which is after a year, compounded, gives me a pot of £25,182.
After 2 years at the same rate pot grows up to 63k,after 3 years 159k,after 4 years 401k, after 5 years it grows staggering just over 1m.
I am in my 3rd year of trading , while working, trading mainly in indices.
Anything above 8% in any month I bank it.
??? 8% a month ??? you should have BILLIONSthis is a realistic target, but for going BANKRUPT
I wish you luck this 8% per month you do with too much risk on a too small account
I know, that at the very beginning it is possible
But tell me one reason, as it is sooooo easy, why not one single Hedge Fund does it???![]()
100k ?
I think 10k is enough. My aim is to get 8% per month which is after a year, compounded, gives me a pot of £25,182.
After 2 years at the same rate pot grows up to 63k,after 3 years 159k,after 4 years 401k, after 5 years it grows staggering just over 1m.
I am in my 3rd year of trading , while working, trading mainly in indices.
Anything above 8% in any month I bank it.
you have to ask them........lol.
I am averaging well over 100 points per week including losses.
with dow moving up and down over 100 points per day all you need is 36 points per £1/point to get your £36.i don't trade first and last one hour of trading.
with £5/point all you need is 7-8 points.
DaxD
It is NOT impossible, especially at this level of trading and with the sort of leverage and risk management TT is talking about.
It's a matter of discipline and knowing what you're looking for in the market and from your trades. As for Hedge funds and 'why don't they do it if it's so easy?' you could ask the same question for any other vocation. Some funds probably are doing just this, maybe not with the same numbers but they're doing it.
Obviously it'll become an issue for the trader/fund manager when trading account size is in the millions. This is because corresponding trade size needed to achieve the same percentage returns for the same price moves increases dramatically. This is where a lot of successful traders who wish to trade bigger often start looking at FX. Others just split their accounts into different markets/instruments/time zones etc. This way, they can maintain their account size and potential percentage returns without becoming too big a player in their chosen market and start disrupting prices by their very own activity. Few of course get to achieve this level of success but it can and does happen, all the time, and not only in trading.
TT, keep up the good work. Stay focused and keep growing that account. One question though, on an annual return basis, are you using 8% X 12 = 96% or
8% per month compounded over 12 months = 151.8%?
He compounds obviously and sorryjust calculate his risk of ruin
I would not give a single cent to a guy with this kind of riskmanagement
May be I'm just too conservative after 25 years of trading
Don't get me wrong though: I wish him all the success he gets his hands on.
BUT
Not my kind of trading. That said, reading comments from my
http://www.trade2win.com/boards/foyer/27957-why-2008-will-good-year.html
post, that I am NUTS to double my size :clap:
The only thing, I can control in the market, is my RISK
This is why I went![]()
just to prove my point, long dow at 13255, hoping to get 70+points